Alternative Path

[gdl]

The unholy truth of Democratic political strategy is that they believe a barrage of embarrassing remarks and rulings by the GOP will shock and embarrass those voters that supported them. They just can't accept that 50% of this nation wants the insanity to continue in order to feel good about themselves and their stance that the "other" has caused their problem. Irrational behavior is normal in human history, ONLY a direct cause and effect will change that. You don't get that type of response till AFTER the event comes to a conclusion.

Market: By JUNE we should see 4800 area as the final low. This assumes INFLATION is still a question mark and no spike moves higher or lower. If that pattern emerges July thru September should see a huge rebound perhaps equaling or exceeding the old highs. October thru December right now is a big question mark.
I just don't have a clue where or when the final top occurs.

In the past we should hit a low today followed by 2 or even 3 days of sharp rebounds. This makes sense if the drop is to continue till June. Slip sliding. I also believe the WORSE of the drop is here and the rest will be a calm complacent reinforcement that it is just a normal correction. If we cut thru todays lows Monday, we could actually be seeing a really deep drop followed by a short but spectacular rebound. Odds of the latter are small today.